March 28, 2022 - Sappi Europe today announced a further price increase of 10% to its woodfree paper grades effective for deliveries from early April and latest beginning May, depending on the market.
This will be in addition to the previously announced increases, Sappi noted.
Sappi said the addition price hike is necessary in order to maintain profitability and keep its mills running full.
In a press release, the company said, "Sappi Europe continues to face increasing costs to its Graphic Paper business, related to energy costs as well as raw material cost rises due to availability challenges. It is forecast that this volatile environment will persist for now due to the current uncertain political and economic climate.
"The business climate remains extremely challenging for everyone, and Sappi appreciates all its customers support in these difficult times," the company added.
Sappi said its local sales offices are in touch with customers to discuss the detailed implementation.
Headquartered in Brussels, Belgium, Sappi Europe SA is a leading European producer of coated fine paper used in premium magazines, catalogues, books and high-end print advertising. To learn more, visit: www.sappi.com.
SOURCE: Sappi Europe
Paper Industry Newsletter
Stay on top of paper industry news
from around the world with
PaperAge's free weekly newsletter.
Delivered every Thursday.
Sign up today!